How is a condominium different than a single-family dwelling?

A condominium is a type of property where individuals own their individual unit within a shared building or complex, and also share ownership of common areas with other residents. Whereas a single-family dwelling is a standalone residential property that is owned and occupied by a single family. In a condominium, homeowners pay monthly fees for maintenance and management of shared spaces, while single-family homeowners are responsible for all maintenance and upkeep of their property.